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, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
now, august 2nd is the big date, and the hard deadline or the u.s. default defaults on the $14.3 trillion debt. the white house says that lawmakers need a basic plan in place by today if they are going to be able to craft a bill in time to avert a default. nbc's kristen welker is following all of this for us live at the white house. kristen, good afternoon. where do we go from here? what is the bottom line? a lot of talking from the white house and the republicans and where does it all stand and what is next? >> hi, there, jeff. house speaker john boehner and president obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the
, people of the big banks were summoned to the meeting at a federal reserve bank here in new york and cnbc's bertha coombs has details for us. >> investors who buy u.s. treasuries buy them through banks, and this morning the treasury asked those bankers and dealers who help to sell the treasuries to investors to come in and talk about the situation as the debt ceiling limit looms. it was a regularly scheduled meeting, because on wednesday is normally the day that the treasury would announce the next action of debt, but obviously, that comes after the deadline. from bankers we talked to and senior treasury officials, they didn't really outline any contingency plans about what would happen if the debt ceiling deadline is not extended. a number of bankers have told me they anticipate what would happen is that those debt auctions would likely be postponed. we saw it happen back in 1995 when the government was shutdown. it was postponed for several weeks in terms of the auction, because essentially, if the government doesn't have the authority to increase that, then the treasury can't issue mor
at the top of the of the hour, the case against the noted french big wig dominique strauss-kahn on the edge of collapse as we hear from the attorney of the woman who says he attacked her. >>> and embrace the race of 2012. now, back to tamron. >>> well, monaco's marriage of prince albert and charlene woodstock went ahead at the palace. it marks the first marriage of the reigning prince in 50 years. it started with appearances by president sarkozy and designer armani, and michelle kosinski joins us, and i have to say that your dress is stunning. you look fantabulous, but one of the requirements was that you had to wear a cocktail dress, right? >> yes sh, to get anywhere neare restricted areas and the wedding you have had to have a cocktail attire, and the male press had to wear all black, which was rare, because it was all hot here today. and before of the ceremony, you could see everyone fanning themselves, because it has a beautiful islandy mediterranean feel and absolutely beautiful day with blue sky and blue water and blue bloods, lots of them inside to see this ceremony and how strange,
will be raised by next week, but the big question that everybody is asking is how is this going to happen, because it seems that all sides are digging in the heels and the white house continuing to insist that the president would veto a short term plan which is that plan put forth by speaker boehner that is as kelly mentioned would increase the debt ceiling in increments for the first time for six months, and press secretary jay carney, again, today saying that the president would veto that if it made it to his desk, and carney saying that bill would doubtfully pass the senate, but the president said in the remarks last night he does support the plan put forth by reid which would of course, decrease the deficit by $2.7 trillion and raise the deficit through 2012, and here is what press secretary jay carney had to say about the reid plan earlier today. >> it is a legitimate compromise measure. we believe it could pass the senate and the house if folks gave it a fair shake, and we appreciate senator reid putting it forward. the fact that there remains confidence in the world that washington
factor in the obesity, and it seems like a big stretch. >> okay. wow. we will see what happens with the legal action and the debate especially when we look at the numbers for obesity of children and adults in the country, because it is stunning. thank you, kevin, for coming out to tell your side of the story. >> thank for having me. >>> and the fallout of the "news of the world" phone hacking stretching the globe. there are reports that british investigators are looking for potential phone hacking of 31 reporters at 31 different publications. and scotland yard has expanded the investigation to 60 officers, and meanwhile in australia, their government is introducing legislation allowing citizens to sue for serious invasion of privacy. >>> and coming up, alabama followed arizona passing a tougher immigration law to make it against the law to take an illegal immigrant to the hospital. today a civil rights organization filed a lawsuit to challenge the law. and i will talk to the alabama lawmaker who calls the legislation one of the most awful laws ever passed in the state. >>> and
update on the situation in mumbai. >>> now to our other top story, several big developments in the explosive hacking scandal threatening rupert murdoch's media empire. earlier today, news corp suddenly called off its $12 billion bid to take over british sky broadcasting, the largest satellite broadcaster and hours before parliament was scheduled to vote against that deal. also today, prime minister david cameron said he would look into allegations that 9/11 victims were targeted in the scandal and here at home, new york senator jay rockefeller wants the fbi to look into whether the scandal has crossed the pond. rockefeller and others want to know if news corp's papers have broken u.s. laws and spied on people here in the states. nbc's stephanie gosk joins us now from london. there was pressure for news corp to pull out of this deal, and they caved into the pressure here. >> reporter: british politicians are much like american politicians, don't agree on much, but came together over this issue. they felt that murdoch needed to back off of this deal, a multi-billion deal to ac
Search Results 0 to 10 of about 11 (some duplicates have been removed)